S p 500 ended in the red check out these moves from citi, bank of america, wells fargo and jpmorgan all in the green. Few days ago rates were plunging birds and cats were living together now look have the banks turned a big corner i dont know about dogs and cats living together if you had to be a cat or a dog i think of myself as a dog. Its not a good question to answer on tv lets go to the markets i think what happened everything got ahead of itself. You go back to tuesday i think before memorial day we power pitched southeast banks. Citi, you know what boring market, slow week, into a holiday, market will rally tl tee gott ahead of itself. When citi discount at that discount tangible book its been a buy. Thats whats happening. I dont think again the landscape has gotten better for the markets. The trading landscape in the short term has does citi have more room yeah well undershot to 61. The head wind that they face still exist today. There are some rays of sunshine based on what the
We have a nice onshore flow that will help keep the coastline a little bit cool but were still expecting to be fairly warm this afternoon with a combination of good old sun and clouds. In san jose, currently right around 63 degrees, temperatures will soar into the upper 80s, by 2 00 were talking about 80 seegz, and san jose is not going to be one of our hottest spots, in through the trivalley tracking another day in the 90s. The temperatures in the day will be similar to what we experienced yesterday thanks to High Pressure thats building up from the desert southwest, so do you like the sunny forecast . Well keep that around through your labor day plans. How long is the warm weather going to last . Ill have a chance to answer that question coming up in 15 minutes. Lets start with the violence in texas. A shooting rampage following a traffic stop, five people are dead in the latest mass shooting, among the injured three Police Officers. Nbcs Chris Pallone has the latest on the developin
Ambassador to mexico and el salvador. Ester george joining us on the company with another inversion to talk about. Former economic senator United Nuclear iran chairman joe linerman, kyle beth, great insights there on markets and china he will be here onset. Dont miss a moment of it, we have a big show this morning, futures are down, we know why, markets are lower right now by about 60 points, down 7 on s p and nasdaq down 32 after yesterdays big rally boosted by positive retail earnings and stimulus hopes, china issued trade warning increased tariffs could escalate tensions and they are urging washington to meet beijing halfway, President Trump spoke about it yesterday. We are winning against china, they lost 2 and a half Million Dollars in a short period of time, has to be a deal fit for the United States, they want to make a deal, probably we will make a deal, somebody had to do it. I am the chosen one, somebody had to do it and im taking on china. Maria have to admit, the president
Immediately and they posted the signs warning of the sewage spill. It is ongoing problem that has plagued the lake because of the citys aging infrastructure. Reporter do you know how many thousands of gallons of sewage has entered the lake . We do not, we do not that is estimated by the city of oakland and it is an estimate. Reporter last year, 2 investigates found out they loud 230,000 gallons of sewage to overflow from street into waterways. The epa even fined the city a quarter Million Dollars for letting the toxic water flow into the bay. Still, it hasnt stopped some from venturing into lake temescal. Some algae in here but i am up to my knees. They love being in the water and it makes it really easy for me to pack up the car and drive down here and have a place that feels safe, where they can come and swim and have fun. Reporter earlier this month high levels of e. Coli again forced the lake to close or four days. The reason for the high levels is not known. I shower thoroughly af
The white house has reiterated its opposition to a unilateral recognition of a palestinian state, after three European Countries announced they would do so. Palestinians have hailed the move by norway, ireland and spain as historic. More than a0 high ranking foreign delegations have been taking part in a ceremony in tehran to commemorate president ebrahim raisi, who died in a helicopter crash. Prayers were led by the nations supreme leader. The former boss of the post office has admitted that evidence she gave to mps in 2012, looking into problems with the horizon it system, was not true. Paula vennells broke down as she was questioned over the scandal. So we begin with The Big Story of the day here in the uk news that the Prime Minister rishi sunak has announced a General Election will be held onjuly fourth. Speaking in a rainy Downing Street, battling against baring music from a nearby street, its probably not the image the Prime Minister would have wanted to kick start his Election